Key State shareholders vote for takeover.

OWOSSO, Mich. -- Shareholders of Key State Bank have approved its proposed acquisition by Chemical Financial Corp. of Midland, Mich.

At a special shareholders' meeting, 91% of issued and outstanding shares were voted, and more than 99% of those shares were in favor. With all necessary regulatory approvals in hand, the transaction is scheduled to close on Oct. 20. The briefs were compiled from staff and wire reports.